FNCY Prepares for Mainnet Launch With Help From NodeReal
The new all-encompassing Web3 content platform will ambitiously launch its mainnet –– will it have the tech to make it big?
FNCY to Launch Mainnet
FNCY –– formerly known as ITAM Cube –– is ready to launch its mainnet on Dec. 2. The recently rebranded FNCY is working alongside NodeReal to bring creative content closer to Web3 users through a metaverse.
The announcement of the mainnet came through a Nov. 25 Medium blog on the back of a marketing push from NodeRal and FNCY. The two projects joined together for an AMA hosted by BNB Chain on Nov. 21.
There, Eon, Business Development in Metaverse World at FNCY, gave insight into the project’s main focuses, roadmap ahead, and contingencies for older ITAM users.
“...[W]e are introducing our very own mainnet with this launch, and with it, marking a new turning point for our project,” Eon said. “We will selectively onboard quality entertainment content from games to comics & novels.”
Eon also gave users insight into how the team envisions its content philosophy within its metaverse –– plus bridging the gap between the real and the digital.
“We see entertainment as anything that brings joy to our users. This can be in the form of games, web comics, movies, music, etc,” Eon continued. “But we also believe it isn’t restricted to just online. From concerts to club events, sports games to recreational activities, and even e-commerce, the line between on and offline will be blurred in a natural, seamless way.”
FNCY’s main focus is to build what it calls a “seamless experience” into the Web3 world that is both scalable and interoperable. These grand ambitions will need the help of NodeReal, a top blockchain infrastructure provider.
During the AMA, Freddie, Head of Growth, NodeReal, explained the depth of the relationship between the two projects. He explained how NodeReal will technically support FNCY through on-chain configuration solutions, rollups, and more.
“With FNCY the work doesn't just stop here as it is,” Freddie said. “We will continue to work closely on new features and improvements as well, especially, when the user base and activities grows etc. Innovation solutions like zk and soulbound tokens are possible as well.”
As a part of the mainnet launch marketing push, NodeReal also published a Twitter thread. FNCY is confirmed to launch with a lineup of games, a read-to-earn product, and more, all within a metaverse built with NodeReal’s tech.
From online entertainment e.g. games, webcomics, movies, music, to IRL events like concerts, sports, club events, and even e-commerce, everything you can think of as entertainment can be found in @FNCYofficial 🤯
— NodeReal | Hiring! (@Nodereal_io) November 23, 2022
Just as its new name suggests, FNCY, fancy up your world.
[3/8]
The Mainnet launch will come morning time UTC on Dec. 2, with the mainnet opening at 9:00 and the full-service mainnet opening at 11:00. The FNCY app will be available on iOS and Android phones in select locations.
What is FNCY:
FNCY, pronounced “Fancy,” is a project working with NodeReal to build a Metaverse space to virtualize all our IPs and brands. It has a completely independent network where all forms of entertainment can seamlessly be integrated without unnecessary technical difficulties. The project is available on iOS and Android in select locations.
Where to find FNCY:
Telegram | Twitter | Youtube | Medium |
What is NodeReal:
NodeReal describes itself as a one-stop infrastructure and solution provider that embraces the high-speed blockchain era. It provides scalable, reliable, and efficient blockchain solutions for everyone, aiming to support the massive adoption, growth, and long-term success of the Web3 ecosystem.
Through its native Semita blockchain service suite, developers can easily set up their blockchain infrastructure and ecosystem through BAS. Already, the blockchain platform has given rise to the GAL Chain Testnet, powered by BAS. FNCY, a blockchain powerhouse for games and entertainment, is the latest to utilize its service.
Where to find NodeReal:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Prisma Finance Reportedly Hit by $9M Hack: What to Know
Prisma Finance paused its protocol operations for investigation and advised vault owners to disable delegate approval.
Reports have emerged indicating that DeFi platform Prisma Finance, fell victim to a hacking attack amounting to approximately $9 million. Cyvers, a web3 security platform, raised the alert after it detected suspicious transactions linked to the breach.
🚨UPDATE🚨Our system has detected multiple suspicious transactions with @PrismaFi and still ongoing!
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) March 28, 2024
Total loss so far is around $9M. Attacker has funded by @FixedFloat!
Our system has detected the malicious contract 2 min earlier than hack transactions!👇
Our system would… https://t.co/9myoV8DL22 pic.twitter.com/SxT5yYZy7U
Initial estimates suggest a loss of $9 million, with the attacker reportedly utilizing funds from the crypto exchange FixedFloat.
Backing up Cyvers' findings, blockchain security firm PeckShield has confirmed the attack, providing details on the assets targeted by the hacker. Among the stolen assets are Prisma mkUSD and wrapped stETH.
In response to the breach, Prisma Finance issued a statement on X acknowledging the potential exploit. The project reportedly halted its protocol operations to conduct a thorough investigation into the incident.
Additionally, Prisma Finance advised vault owners to disable delegate approval as a precautionary measure.
We are aware of a possible exploit on Prisma.
— Prisma Finance (@PrismaFi) March 28, 2024
Core engineering contributors will pause the protocol and investigate.
We'll share an update and a post-mortem.
From DeFi Future to Security Concerns
Prisma Finance was initially hailed as the future of decentralized finance (DeFi), offering solutions in the form of a new LSTFi protocol. It enabled users to mint a fully collateralized non-custodial and decentralized stablecoin, mkUSD, using Ethereum liquid staking tokens (LSTs) as collateral.
However, the recent exploit paints a stark contrast to the platform's previous reputation, raising concerns regarding cybersecurity in the DeFi space.
Rising Trends in Crypto Hacks
The hack on Prisma Finance adds to a concerning trend in the cryptocurrency space. According to a Feb. 29 report by blockchain security firm Immunefi, over $200 million worth of cryptocurrency was lost to hacks and rug pulls last February, across 32 individual incidents.
This represents a 15.4% increase compared to the same period in 2023. Ethereum remains the most targeted blockchain, with 12 attacks accounting for over 85% of the total value lost in February.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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